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Regulatory Compliance Requirements and Emerging Risks Continue to Drive Market Growth in the Region
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The Asia-Pacific network security market maintained a healthy growth momentum, recorded a YoY growth of 15.9% in Q1 2018. The YoY growth of first quarter was slightly slower as compared to the previous fourth quarter which was 19.1% YoY. The implementation and enforcement of regulatory requirements be it Cyber Security Law in China, Cyber Security Bill in Singapore or the General Data Protection Regulation (GDPR) continue to drive network security market in Q1 2018. In Q1 2018, the Healthcare, Government, and BFSI were the three fastest growing verticals in the market. The growing frequency and intensity of targeted attacks have driven the needs of organizations to minimize potential business risks and to ensure business continuity. The large business segment recorded a slightly stronger YoY growth at 16.3%, while the small and medium-sized business segment grew by 15.3% on a YoY basis. Large enterprises continue to dominate the network security market with a market share of 65.7%. Research Scope:This tracker provides an analysis of the total network security market in the Asia-Pacific region for Q1 2018 (January to March) period. Market trends such as vendor performance, vertical market splits, and enterprise-size splits have been analyzed in this study. The countries included in this study are Australia, New Zealand, Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, China, Hong Kong, Taiwan, India, Japan, South Korea and Rest of ASEAN (Brunei, Cambodia, Laos, Myanmar).This study is segmented to three key focus areas which covered firewall, Secure Sockets Layer Virtual Private Networking (SSL VPN) and Intrusion Detection System (IDS) & Intrusion Prevention System (IPS). Vertical segmentation in this study includes the government; banking, financial services, and insurance (BFSI); service provider; healthcare; manufacturing; education; and other sectors. The customer segmentation includes large enterprises with more than 500 employees as well as small and medium-sized businesses with less than 500 employees.Companies mentioned in this tracker include Check Point Software Technologies, Cisco Systems, Fortinet, Palo Alto Networks, Huawei, Sangfor, H3C Technologies, F5 Networks, Venustech, TopSec, McAfee, Neusoft, 360 ESG, Sophos, Hillstone Networks, Juniper Networks, Trend Micro, NSFOCUS, SonicWall, WatchGuard Technologies and other vendors.
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